Which of the following is an example of an expansionary fiscal policy?
A) the Fed selling government securities in the open market
B) the federal government increasing the marginal tax rate on incomes above $200,000
C) the federal government increasing the amount of money spent on public health programs
D) the federal government reducing pollution standards to allow firms to produce more output
Answer: C) the federal government increasing the amount of money spent on public health programs
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Use the following graph for a competitive market for a product where the government has set a price floor of 0C to answer the question below. 
What quantity will the sellers be able to sell after the imposition of the price floor?
A. 0G B. CB C. 0F D. 0E
If the demand for a good is determined to be "elastic," then the elasticity measure
A) is greater than 1.0. B) is equal to 1.0. C) is less than 1.0. D) is infinite.
A restriction on the quantity of a good that can be imported into a country is a(n):
a. tariff. b. quota. c. embargo. d. restricted exchange rate.
Which of the following is an advantage of? corporations?
A. Longevity B. Managerial demands C. Simplicity D. Reporting requirements E. Potential for conflict